#Asset Management System

[olivergisttv]

10 Best Practices for Digital Asset Management

Managing digital assets effectively is crucial for businesses to maintain organization, efficiency, and brand consistency. Here are some best practices for Digital Asset Management (DAM):   1. Centralize Your Digital Assets Use a single DAM platform to store and organize all digital assets such as images, videos, documents, and graphics. This makes it easier for teams to access, share, and…

[semiconductorsandelectronics]

Asset Management System Industry worth USD 26.41 billion by 2030

According to the new market research report "Asset Management Market by GPS, RFID, RTLS, Barcode, Electronic Assets, Returnable Transport Assets, In-transit Equipment, Manufacturing Assets, retail, healthcare, Industrial Manufacturing and Process Industries - Global Forecast to 2030" The asset management system market is expected to reach USD 26.41 billion by 2030 from USD 17.64 billion in 2025, at a CAGR of 8.4% from 2025 to 2030 The asset management system is a solution that is applied to monitor and track down assets in the retail, transportation, logistics, healthcare, and industrial manufacturing industries. The asset management system market is experiencing significant growth mainly due to advancements on the Internet of Things (IoT) and Artificial Intelligence (AI), an increase in the adoption of Global Positioning System (GPS) tracking devices, and government initiatives and regulations to support the adoption of asset management.

The retail segment is expected to hold the largest market share during the forecast period.

The retail sector holds the largest market share during the forecast period of the asset management system market due to the rising demand for effective inventory management, asset tracking in real-time, and higher operational efficiency. RFID, IoT, and cloud-based solutions are progressively being implemented across retailers to manage their supply chain efficiently. Moreover, the retail sector is rapidly transforming and investing in automation and smart stores, using advanced technologies such as AI and ML. As e-commerce grows, demand for high-volume inventory management and distribution systems increases. Retailers find asset management systems useful in terms of maintaining product availability and order fulfillment in a quick and efficient manner. Furthermore, manufacturers and solution providers emphasize on offering tailored asset management solutions for the retail sector that are cost-effective and scalable. These trends pave the way for major growth in the retail industry during the forecast period.

The software segment is expected to exhibit the second-highest CAGR during the forecast period.

The software segment is expected to register the second-highest CAGR in the offering segment of the asset management system market during the forecast period. The software solutions are vital in integrating and managing data from hardware components, including RFID tags, sensors, and GPS trackers. This growth is driven by the increasing demand for smart, automated asset management solutions that streamline operations and improve decision-making across various industries, including retail, healthcare, and manufacturing. Advanced software solutions such as cloud-based, IoT-enabled applications and Al-driven analytics have enabled organizations to achieve real-time insights, predictive maintenance capabilities, and enhanced operational efficiency. The rapid digitalization of business processes and increasing usage of IoT technology create a huge demand for advanced asset management software. Moreover, the emerging focus on automation and data-based decision-making increases the demand for advanced software platforms with end-to-end asset management capabilities. Ongoing R&D investments and the compatibility of Al and machine learning with software applications further drive market growth for software offerings during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255619316

North America is expected to hold the largest market share during the forecast period.

North America is projected to hold the largest share of the asset management system market owing to substantial investment in research and development and well-established infrastructure for retail and healthcare. The market's growth can be attributed to the rising demand for effective asset tracking, monitoring, and optimization in various end users, such as manufacturing, healthcare, logistics, and retail. The high penetration of advanced technologies such as IoT, RFID, and AI-enabled systems has paved the way for developing innovative solutions that support the rising demand for automation and efficiency in operations. The other factor that has led to the increasing adoption of asset management systems in the region is government policies favoring digital transformation in supply chain management. Additionally, the growth in the region is further driven by the presence of leading market players and solution providers who offer technologically advanced, customized, and large-scale implementations of asset management systems. Furthermore, the growing interest in cloud-based solutions and Industry 4.0 practices among end-users further propels the growth of the North American market during the forecast period.

Key Players

The key players in the asset management system market with a significant global presence include Zebra Technologies Corp. (US), Honeywell International, Inc. (US), Siemens AG (Germany), Trimble Inc. (US), Motorola Solutions (US), TrackX Inc. (US), Checkpoint Systems (US), Impinj, Inc. (US, Datalogic S.p.A. (Italy), Infor Inc (US), GE Healthcare (US).

[terotam]

Key Routine Maintenance Tasks Important for Dairy Operations

Discover why routine maintenance is essential for dairy operations, ensuring equipment reliability, product quality, and adherence to industry standards.

[assettracker]

Empower Your Operations with Mobile Asset Tracking

Adopt mobile apps for seamless asset tracking and reporting. Access data anytime, anywhere, for improved operational efficiency. 

Explore mobile-enabled tracking solutions at AssetTrackerIoT.

[assetinfinity01]

Asset Management System for Seamless Asset Control

Implement an asset management system to simplify asset tracking, maintenance, and performance for enhanced business efficiency.

[sunsmarttech]

Revolutionize Your Asset Management with SunSmart Global

Data Inaccuracy: Paper-based or outdated digital systems are prone to human error, resulting in inaccurate asset data and misinformed decision-making.

High Maintenance Costs: The lack of a centralized system leads to redundant processes and increased maintenance costs due to poor asset utilization.

Limited Asset Visibility: Without real-time tracking, it is hard to maintain visibility over asset locations and conditions, leading to operational inefficiencies.

Time-Consuming Processes: Manual asset management processes are time-consuming, leading to reduced productivity and delays in critical operations

Security Risks: Traditional methods lack robust security measures, making it easier for unauthorized personnel to access sensitive asset information.

Contact Us: · Whatsapp: https://wa.link/g2d5fw · Mail: sales@sunsmart.co.in · Website: https://www.sunsmart.co.in/ Follow us: · Twitter -  https://x.com/SunsmartT · Instagram -https://www.instagram.com/sunsmartglobal/ · Linkedin -  https://www.linkedin.com/feed/ · Facebook -  https://www.facebook.com/

[maximoesolution]

Resource and asset optimization are crucial aspects of any organization's growth. Asset-intensive organizations integrate asset management systems to effectively manage their fixed asset which include maintenance, longevity, and productivity.

[tax-print]

Tax Print : Your Partner for Affordable & Complete Tax & Accounting

Taxprint is a leading online payroll software company that provides comprehensive payroll solutions to businesses of all sizes in India. Our user-friendly software simplifies payroll management, ensuring timely and accurate processing of TDS, eTDS, ITR, and asset management tasks.

[erp56757]

Harnessing the Power of AI for Asset Management

Businesses are using cutting-edge technologies more frequently in the dynamic field of asset management to increase productivity and efficiency. Harnessing the power of AI, organizations can revolutionize their approach to asset management solutions, ensuring seamless operations and optimized performance.

Effective asset management software is the cornerstone of this transformation. It empowers businesses with a comprehensive asset management system that goes beyond traditional methods. AI-driven solutions not only streamline the process but also elevate accuracy and decision-making.

Investing in IT asset management software becomes imperative for businesses seeking a competitive edge. This software not only tracks assets but also ensures compliance and risk mitigation. The integration of AI enhances the predictive capabilities of asset management systems, allowing organizations to forecast maintenance needs and optimize resource allocation.

As businesses evolve, so does the complexity of managing assets. AI-driven asset management solutions pave the way for a more responsive and adaptive approach, ensuring that organizations are well-prepared for the challenges of tomorrow.

[ourjobagency]

Customer service and customer experience are the two eyes of a digital economy. In current times, every business be it small or medium or large are a part of this economy.

Customers always expect outstanding service and a brilliant experience from customer service agents of an organization. Customer retention, loyalty, trust, growth and more benefits are the rewards of managing customer service effectively.

What is asset management?

Asset management is one of the modules of the Salesforce service cloud, which helps in managing information relating to the product that the organization sells, assets represent the products customers have purchased.

The asset management module can be used to store complete information about purchased products.

Salesforce Service Cloud helps organizations provide top-notch customer service. Asset management is a key component of the service cloud, helping customer service agents validate the products or services purchased by the customers. There by making it seamless for Customer service agents to provide validated information to customers.

Role of Asset Management

Salesforce service cloud helps customer service agents to see and manage both products purchased by customers and company inventory or Stocks. . It allows tracking of products that are owned by customers. Asset management is a place where customer service agents can get complete details about a particular product.

Salesforce service cloud asset management can be associated or linked to entitlements, work orders, maintenance plans, and more. This asset management helps customer service agents quickly access the view and history of a product owned by a customer.

[thingsupiot]

Cloud Kitchen Monitoring With Thingsup-Track: All-In-One Asset Management System Software

Did you know? Almost one-third of the food produced for human consumption goes to waste every year. Most of it is due to improper management of food materials in commercial kitchen spaces. Restaurants buy a large quantity of food and store them in refrigerators. When not monitored, these food items expire before use and go to the trash. To avoid such painful waste of food, kitchens are starting to use Asset Management System Software. 

In this blog, we will talk about the role of IoT tracking sensors in saving food. We will also brief how the Thingsup Tracking platform can be of help. 

What is a cloud kitchen?

In essence, a cloud kitchen is a food manufacturing unit. It only takes online orders and has no physical storefront. So the only thing your customer is going to experience is your food and not your service. Thus, your food has to be of good quality with no spoiled or expired ingredients. 

Advantages of cloud kitchen:

1. Reduced overhead costs.

2. Increased adaptability and flexibility.

3. Reduced delivery time.

Similarly, there are many such benefits. But they are many challenges that tag along as well.

What are the challenges of a cloud kitchen?

The main challenge that we are going to talk about is the quality of the ingredients. All food items and raw materials come under perishable goods. Thus, you need to track them continuously to keep them from going bad. 

You regularly need to keep track of all your inventory and check their expiry dates. As we said earlier, food is the only way you could make your impression on the customer. To do that, food must be tasty as well as safe. Let us see how we tackle this problem. 

Introducing Thingsup Tracking Platform

The Thingsup Tracking platform is a comprehensive solution designed to enhance asset management and monitoring in cloud kitchens. Leveraging the power of the Internet of Things (IoT), this platform provides real-time insights into various aspects of kitchen operations. From monitoring equipment status to tracking inventory levels, Thingsup-Track empowers cloud kitchen operators to make informed decisions, reduce downtime, and optimize their resources efficiently.

IoT Tracking Sensors: 

At the core of Thingsup-Track lies its IoT tracking sensors. These small, smart devices are strategically placed on kitchen equipment, delivery vehicles, and inventory storage areas. Equipped with sensors that capture data such as temperature, humidity, and usage patterns, these devices provide a continuous stream of information to the cloud. This data is then processed and analyzed to offer actionable insights to kitchen managers.

Imagine a scenario where a refrigerator storing perishable ingredients malfunctions. With Thingsup-Track, the IoT tracking sensors would detect the temperature spike and immediately alert the kitchen manager. This proactive approach prevents food spoilage, reduces wastage, and safeguards the quality of dishes prepared in the cloud kitchen.

Features of Thingsup-Track

       1.Real-Time Monitoring:

Thingsup-Track offers real-time visibility into equipment performance. Managers can monitor parameters such as energy consumption, equipment health, and operational efficiency. This information enables predictive maintenance, reducing the risk of sudden breakdowns.

      2. Inventory Management:

Cloud kitchens rely heavily on precise inventory management. With Thingsup-Track, inventory levels are constantly monitored, and alerts are triggered when stock reaches predefined thresholds. This prevents shortages, enables better supply chain management, and ensures uninterrupted operations.

      3. Energy Efficiency:

The IoT tracking sensors in Thingsup-Track contribute to energy efficiency by identifying energy-intensive equipment and analyzing their usage patterns. By optimizing equipment usage, cloud kitchens can significantly reduce energy costs.

      4. Compliance and Quality Control:

In the food industry, adhering to hygiene and safety regulations is paramount. Thingsup-Track aids in maintaining compliance by monitoring factors like temperature, ensuring that food is stored and prepared within safe limits.

Statistics that Highlight the Impact of Thingsup-Track:

According to a survey, 87% of food delivery customers consider the quality of food as their top priority. Thingsup-Track��s real-time monitoring helps cloud kitchens maintain consistent quality.

A study showed that predictive maintenance through IoT solutions can lead to a 25% reduction in maintenance costs and a 70% decrease in downtime.

The global IoT in the food and beverage market is projected to grow at a CAGR of 12.8% from 2021 to 2026, indicating a rising demand for innovative solutions like Thingsup-Track.

Conclusion

the digital transformation of the food industry has given rise to new challenges and opportunities. Cloud kitchens, with their reliance on efficient operations and timely deliveries, can greatly benefit from solutions like Thingsup-Track. By harnessing the potential of IoT tracking sensors and asset management system software, cloud kitchens can ensure optimal performance, minimize downtime, and elevate customer satisfaction.

As the market continues to evolve, adopting technologies such as Thingsup-Track will become a key differentiator for cloud kitchens aiming to stay competitive and deliver exceptional dining experiences to the ever-growing base of online customers. Embracing the power of IoT-driven asset management is not just a choice; it’s a necessity for cloud kitchens to thrive in the digital era.

[terotam]

Importance of Corrective Maintenance in Asset Management Strategy

Explore the crucial role of corrective maintenance within asset management strategies to enhance reliability and extend asset lifespan effectively.

[serpentface]

FAMILY TITLES AMONG THE HILL TRIBES

(ft. various linguistic notes and tangents)

In-universe Brakul’s self-given title of ‘Red-Dog’ is Brakul 'ne-Dainh' in his native language (Bict-Urbinnas dialect of the Highland language group) and Brakul 'Chin-Reyla' in Wardi. Ne-Dainh/Chin-Reyla is not something he treats as or considers an actual surname or identity, just a self-styled nickname. He already has a title.

Family names/surnames are not a native practice among the Hill Tribes (though some clans or individual families have adopted this practice), and all traditionally use titles that designate immediate ancestry, clan and tribe. These full titles are officially given when one comes of age and are spoken aloud in ceremony (with the entire direct male and female lines listed by name, with most traditions expecting 12 generations of each being named).

The function is to cement one’s sense of place in the world, and their place in a direct ancestral line, which puts the person under the full watch and guidance of their ancestors. It's also a critical method of recording lineage- the long held practice of each person memorizing at least 24 total direct ancestors allows for very long, largely accurate records of family history to be kept, with some people able to trace their ancestry all the way back to initial settlement of the Highlands (or even beyond).

Brakul’s full title is:

“Brakul virsum Kuligan et Borunil an Briyonis ne-Taig an Bict-Urbinnas”

Which dead literally translates to “Brakul son of Kuligan and Borunil of the Foothills (of) Red-Cattle, of the North (Urbin/Erubin) River Valley” but has a much richer meaning in the original language.

"BRAKUL VIRSUM KULIGAN ET BORUNIL"

The actual meaning here is closer to ‘Brakul, son of Kuligan and his father’s fathers, and Borunil and her mother’s mothers’.

“Virsum” means ‘child (son/daughter) of’ (the gender is contextual), but implies the person’s status as a descendant of a full male and female line of ancestors. A different word is used if you’re just saying ‘I’m so and so’s son”. The title describes him as a son of his father Kuligan and of Kuligan’s male line, and of his mother Borunil and Borunil's female line.

All ancestors (within this particular system of kinship, divided into one direct male line from the father and one direct female line from the mother, and not including husbands from the female line or wives from the male line) are invoked and credited with the word ‘virsum’. Speaking it as part of the personal title is part of the routine and necessary honoring of one’s ancestors, who watch over their descendants from the afterlife and can temporarily return to the land to guide and protect (and sometimes punish, or teach sharp lessons to) the living.

"AN BRIYONIS NE-TAIG"

The actual meaning here would be understood as ‘clan/people of the foothills where cattle are lit red by the setting sun'.

‘Briyonis’ is the word for ‘foothill’, citing his clan’s specific location being the foothills that form the slopes of the north Urbin river valley. He is of a lesser clan within the powerful North Urbin River tribe. His clan benefits from close affiliation to their more powerful ruling clans located directly in the river valley, which grants them access to a greater variety of cultivated foods, but their actual position in the foothills still renders them predominantly reliant on cattle for subsistence. Clan names referencing cattle or horses are very common, given their frequent centrality to life.

The ‘ne-Taig’ literally means ‘red cattle’, but the ‘ne’ color word for red specifically invokes shades of red seen in and cast by a rising/setting sun. This red cast is culturally regarded as a unique beauty and evocative (and part of the name) of the solar god Hraighne. The foothills his clan is physically located on are a vantage point from which the western horizon is not fully obscured by mountains, and they experience very striking sunsets and are directly touched by the light. This is fairly unique to this location, and is invoked in the clan name and identity. ‘Ne-Taig’ here suggests a visual of grazing cattle illuminated red by the sun as it crosses the horizon.

‘Ne-Dainh’ carries the same implication, a dog illuminated red by setting sunlight. The Wardi language does not have a comparable word for a sunlit red and ‘Chin-Reyla’ really does just mean ‘(orangeish) red dog’ (‘reyla’ is specific to orangey-red colors, which is the closest match he could get. There’s no way to impart the meaning of ‘sunlit-red dog’ in Wardi that is non-clunky enough to be appropriate for a name).

"AN BICT-URBINNAS"

‘an Bict-Urbinnas’ is fairly simple, Bict means ‘north’, and 'Urbin' is the name of the specific river that stems from a northern and eastern tributary. This river has a very ancient name (or a derivative of one) that predates settlement by the Hill Tribes, and its exact meaning is lost.

The root -(n)nas designates a river valley, but has strong implications of being an esteemed and bountiful place, rather than solely a literal geographical descriptor (as the river valleys are centers of power and trade in the highlands). It may be a loanword from the Wardi language family, as its usage is VERY similar in form and function to the Wardi -(n)nos, which also suggests a place of esteem and bounty (more specifically having connotations of a kingdom).

’An’ literally means ‘of’, but in the specific sense of describing the place and identity of a collection of people. ‘an Bict Urbinnas’ would be understood in speech as ‘of the north Urbin River Valley (people)’. The clans historically settled in and around the valley of the North Urbin River form the totality of the Bict-Urbinnas tribe.

The ‘Urbin’ word predates the contemporary Wardi name ‘Erubin’ for the river, the latter of which invokes the semi-mythological founding figure Erub, who himself was of a Wardi tribe located downriver to the south of the Highlands. The real historically extant ‘Erub’ was most likely named Urub after the river, with his cited name shifting over the centuries in folklore, and the Wardi name for the river shifting with it.

‘Erubin’ as a corruption of ‘Urbin’ functions very well in Wardi language due to ‘-bi/bin’ denoting something as a ‘gift’, usually in a more metaphorical sense. ‘Erubin’ is understood as meaning ‘(The river that is) Erub’s gift’, and the Erubin/Urbin river is a key tributary to the much larger Black river, one of the key rivers that feeds the region's wetter and more fertile west. This 'gift' meaning also occurs in the name of the southeastern Imperial Wardi city-state Erubinnos, which is understood as meaning ’((The kingdom that is) Erub’s gift’. He is considered to have conquered and taken the land (from the core city's actual founders, the Wogan people) and established a kingdom there in the early days of warring Wardi tribal monarchies.

[sunsmarttech]

For logistics organizations, being able to see where inventory, equipment, and pallets are in real time is essential to maintaining workplace operations.  An asset tracking system can make sure you immediately locate any necessary equipment so you can resume your work.

[maximoesolution]

Ways in which an Asset Management System Enhances Business Productivity

In the ever-evolving landscape of modern business, organizations face the challenge of efficiently managing their assets to stay afloat and meet customer demands.